S&P ups ISP Chemco

Standard & Poor's said it raised its ratings on ISP Chemco LLC, including its corporate credit rating to BB-from B+.

The outlook is stable.

The upgrade reflects improving operating performance on solid volume increases across a variety of industrial and specialty product lines, S&P said.

These volume increases have coincided with a lower cost base because of management's prior efficiency actions, resulting in stronger EBITDA, the agency said.

The ratings reflect its aggressive financial profile and the risks associated with private ownership, balanced with a satisfactory business position as a global producer of specialty chemicals, S&P said.

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